Cars (CARS) Stock Forecast, Price Target & Predictions
CARS Stock Forecast
Cars stock forecast is as follows: an average price target of $24.00 (represents a 35.98% upside from CARS’s last price of $17.65) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
CARS Price Target
The average price target for Cars (CARS) is $24.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $23.00. This represents a potential 35.98% upside from CARS's last price of $17.65.
CARS Analyst Ratings
According to 4 Wall Street analysts, Cars's rating consensus is 'Buy'. The analyst rating breakdown for CARS stock is 0 'Strong Buy' (0.00%), 4 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Cars Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 08, 2024 | Marvin Fong | BTIG | $23.00 | $16.79 | 36.99% | 30.31% |
| Sep 21, 2022 | Gary Prestopino | Barrington | $25.00 | $11.63 | 114.96% | 41.64% |
| Jun 21, 2022 | - | BTIG | $16.00 | $9.21 | 73.72% | -9.35% |
The latest Cars stock forecast, released on Aug 08, 2024 by Marvin Fong from BTIG, set a price target of $23.00, which represents a 36.99% increase from the stock price at the time of the forecast ($16.79), and a 30.31% increase from CARS last price ($17.65).
Cars Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $23.00 | $23.00 |
| Last Closing Price | $17.65 | $17.65 | $17.65 |
| Upside/Downside | -100.00% | 30.31% | 30.31% |
In the current month, the average price target of Cars stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cars's last price of $17.65. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 09, 2024 | UBS | Buy | Buy | Hold |
| Aug 09, 2024 | B. Riley | Buy | Buy | Hold |
| Aug 08, 2024 | BTIG | Buy | Buy | Hold |
| Feb 24, 2023 | Craig-Hallum | Buy | Buy | Hold |
| Jun 21, 2022 | BTIG | Buy | Buy | Hold |
Cars's last stock rating was published by UBS on Aug 09, 2024. The company gave CARS a "Buy" rating, the same as its previous rate.
Cars Financial Forecast
Cars Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $174.33M | $168.18M | $167.07M | $168.20M | $164.59M | - | $158.21M | $158.31M | $156.55M | $155.53M | $153.29M | $153.01M | $144.39M | $102.01M | $148.09M | $152.19M | $152.09M |
| Avg Forecast | $208.94M | $204.50M | $202.37M | $201.42M | $193.09M | $189.56M | $187.77M | $186.40M | $183.92M | $180.10M | $181.83M | $179.43M | $178.40M | $172.83M | $168.97M | $166.90M | $165.79M | $164.65M | $161.91M | $157.60M | $158.46M | $156.43M | $152.69M | $149.37M | $146.74M | $142.85M | $94.37M | $144.11M | $153.02M | $150.16M |
| High Forecast | $211.02M | $206.54M | $204.39M | $203.43M | $195.02M | $191.46M | $189.65M | $188.27M | $185.76M | $180.53M | $183.65M | $181.23M | $179.16M | $174.76M | $170.66M | $168.57M | $167.45M | $166.29M | $161.91M | $160.09M | $160.97M | $158.91M | $155.11M | $151.73M | $149.06M | $145.11M | $95.86M | $146.39M | $155.44M | $152.54M |
| Low Forecast | $207.89M | $203.47M | $201.36M | $200.41M | $192.13M | $188.62M | $186.83M | $185.47M | $183.00M | $179.84M | $180.93M | $178.54M | $177.85M | $171.56M | $168.12M | $166.07M | $164.96M | $163.82M | $161.91M | $155.83M | $156.68M | $154.67M | $150.97M | $147.69M | $145.09M | $141.24M | $93.31M | $142.49M | $151.30M | $148.47M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 1.00% | 1.01% | 1.00% | - | 1.00% | 1.00% | 1.00% | 1.02% | 1.03% | 1.04% | 1.01% | 1.08% | 1.03% | 0.99% | 1.01% |
Cars's average Quarter revenue forecast for Dec 23 based on 3 analysts is $178.40M, with a low forecast of $177.85M, and a high forecast of $179.16M. CARS's average Quarter revenue forecast represents a 2.33% increase compared to the company's last Quarter revenue of $174.33M (Sep 23).
Cars EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $36.09M | $17.57M | $44.81M | $48.61M | $29.65M | - | $35.70M | $29.32M | $37.65M | $40.91M | $42.27M | $37.41M | $46.40M | $14.53M | $-883.60M | $19.28M | $-432.77M |
| Avg Forecast | $79.97M | $78.27M | $77.46M | $77.09M | $73.91M | $72.56M | $71.87M | $71.35M | $70.40M | $68.94M | $69.60M | $64.50M | $68.28M | $66.15M | $64.67M | $58.64M | $63.46M | $60.56M | $61.97M | $53.31M | $42.81M | $55.06M | $58.44M | $29.35M | $60.60M | $33.31M | $30.28M | $-589.07M | $17.35M | $-472.28M |
| High Forecast | $80.77M | $79.06M | $78.23M | $77.86M | $74.65M | $73.28M | $72.59M | $72.06M | $71.10M | $69.10M | $70.29M | $77.41M | $68.57M | $66.89M | $65.32M | $70.37M | $64.09M | $72.67M | $61.97M | $63.97M | $51.37M | $66.07M | $59.37M | $35.22M | $72.72M | $39.97M | $36.33M | $-471.25M | $20.81M | $-377.83M |
| Low Forecast | $79.57M | $77.88M | $77.07M | $76.71M | $73.54M | $72.19M | $71.51M | $70.99M | $70.04M | $68.84M | $69.25M | $51.60M | $68.07M | $65.67M | $64.35M | $46.91M | $63.14M | $48.45M | $61.97M | $42.65M | $34.25M | $44.04M | $57.79M | $23.48M | $48.48M | $26.65M | $24.22M | $-706.88M | $13.88M | $-566.74M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.55% | 0.27% | 0.76% | 0.77% | 0.49% | - | 0.67% | 0.68% | 0.68% | 0.70% | 1.44% | 0.62% | 1.39% | 0.48% | 1.50% | 1.11% | 0.92% |
3 analysts predict CARS's average Quarter EBITDA for Dec 23 to be $68.28M, with a high of $68.57M and a low of $68.07M. This is 89.22% upper than Cars's previous annual EBITDA (Sep 23) of $36.09M.
Cars Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.49M | $94.13M | $11.48M | $10.26M | $-2.94M | - | $4.34M | $-5.96M | $2.43M | $5.97M | $5.28M | $7.22M | $-12.26M | $-24.64M | $-787.43M | $-4.11M | $-426.16M |
| Avg Forecast | $37.47M | $33.91M | $34.83M | $36.33M | $43.75M | $37.00M | $37.42M | $39.46M | $36.06M | $29.84M | $30.37M | $7.84M | $30.69M | $27.81M | $31.48M | $7.13M | $32.89M | $3.91M | $17.83M | $6.48M | $-8.70M | $3.56M | $27.90M | $3.67M | $11.69M | $-8.80M | $-51.36M | $-524.96M | $-2.63M | $-473.51M |
| High Forecast | $37.95M | $34.35M | $35.28M | $36.81M | $44.32M | $37.48M | $37.91M | $39.98M | $36.52M | $30.23M | $30.77M | $9.41M | $39.89M | $36.15M | $31.89M | $8.55M | $33.32M | $4.69M | $17.83M | $7.78M | $-6.96M | $4.27M | $28.47M | $4.40M | $14.03M | $-7.04M | $-41.09M | $-419.96M | $-2.11M | $-378.81M |
| Low Forecast | $37.22M | $33.69M | $34.60M | $36.10M | $43.47M | $36.76M | $37.18M | $39.21M | $35.82M | $29.65M | $30.17M | $6.27M | $19.95M | $16.68M | $31.27M | $5.70M | $32.68M | $3.13M | $17.83M | $5.18M | $-10.43M | $2.84M | $27.49M | $2.93M | $9.36M | $-10.56M | $-61.64M | $-629.95M | $-3.16M | $-568.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.16% | 2.99% | 1.61% | 0.31% | -0.75% | - | 0.67% | 0.68% | 0.68% | 0.21% | 1.44% | 0.62% | 1.39% | 0.48% | 1.50% | 1.56% | 0.90% |
Cars's average Quarter net income forecast for Dec 23 is $30.69M, with a range of $19.95M to $39.89M. CARS's average Quarter net income forecast represents a 583.27% increase compared to the company's last Quarter net income of $4.49M (Sep 23).
Cars SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $77.97M | $75.80M | $100.70M | $95.81M | $92.73M | - | $94.96M | $99.62M | $90.00M | $86.36M | $83.24M | $84.20M | $74.52M | $60.53M | $83.91M | $81.80M | $79.13M |
| Avg Forecast | $114.72M | $112.28M | $111.11M | $110.59M | $106.02M | $104.08M | $103.09M | $102.34M | $100.98M | $98.89M | $99.84M | $171.57M | $97.95M | $94.89M | $92.77M | $155.97M | $91.03M | $144.79M | $88.89M | $141.79M | $145.44M | $131.62M | $83.83M | $57.80M | $136.41M | $53.50M | $51.81M | $55.94M | $52.43M | $87.92M |
| High Forecast | $115.86M | $113.40M | $112.22M | $111.69M | $107.08M | $105.12M | $104.13M | $103.37M | $101.99M | $99.12M | $100.83M | $205.88M | $98.37M | $95.95M | $93.70M | $187.17M | $91.94M | $173.74M | $88.89M | $170.15M | $174.53M | $157.95M | $85.16M | $69.36M | $163.69M | $64.20M | $52.63M | $67.13M | $62.92M | $105.50M |
| Low Forecast | $114.14M | $111.72M | $110.56M | $110.03M | $105.49M | $103.56M | $102.58M | $101.83M | $100.47M | $98.74M | $99.34M | $137.26M | $97.65M | $94.20M | $92.31M | $124.78M | $90.57M | $115.83M | $88.89M | $113.44M | $116.35M | $105.30M | $82.89M | $46.24M | $109.13M | $42.80M | $51.23M | $44.75M | $41.94M | $70.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | 0.82% | 0.65% | 1.05% | 0.64% | - | 0.67% | 0.68% | 0.68% | 1.03% | 1.44% | 0.62% | 1.39% | 1.17% | 1.50% | 1.56% | 0.90% |
Cars's average Quarter SG&A projection for Dec 23 is $97.95M, based on 3 Wall Street analysts, with a range of $97.65M to $98.37M. The forecast indicates a 25.62% rise compared to CARS last annual SG&A of $77.97M (Sep 23).
Cars EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 1 | 2 | 2 | 2 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.07 | $1.41 | $0.17 | $0.15 | $-0.04 | - | $0.06 | $-0.09 | $0.04 | $0.09 | $0.08 | $0.11 | $-0.18 | $-0.37 | $-11.76 | $-0.06 | $-6.38 |
| Avg Forecast | $0.55 | $0.50 | $0.51 | $0.54 | $0.65 | $0.55 | $0.55 | $0.58 | $0.53 | $0.44 | $0.45 | $0.49 | $0.45 | $0.41 | $0.46 | $0.44 | $0.48 | $0.40 | $0.27 | $0.39 | $0.43 | $0.42 | $0.41 | $0.36 | $0.07 | $-0.09 | $-0.43 | $-0.09 | $0.06 | $0.07 |
| High Forecast | $0.56 | $0.51 | $0.52 | $0.54 | $0.65 | $0.55 | $0.56 | $0.59 | $0.54 | $0.45 | $0.45 | $0.49 | $0.59 | $0.53 | $0.47 | $0.45 | $0.49 | $0.41 | $0.27 | $0.40 | $0.44 | $0.43 | $0.42 | $0.37 | $0.07 | $-0.09 | $-0.42 | $-0.08 | $0.06 | $0.07 |
| Low Forecast | $0.55 | $0.50 | $0.51 | $0.53 | $0.64 | $0.54 | $0.55 | $0.58 | $0.53 | $0.44 | $0.44 | $0.48 | $0.29 | $0.25 | $0.46 | $0.44 | $0.48 | $0.40 | $0.27 | $0.39 | $0.42 | $0.41 | $0.40 | $0.35 | $0.06 | $-0.09 | $-0.44 | $-0.09 | $0.06 | $0.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.17% | 3.04% | 0.39% | 0.31% | -0.11% | - | 0.15% | -0.20% | 0.10% | 0.22% | 0.22% | 1.69% | 2.00% | 0.87% | 138.35% | -0.96% | -94.52% |
According to 3 Wall Street analysts, Cars's projected average Quarter EPS for Dec 23 is $0.45, with a low estimate of $0.29 and a high estimate of $0.59. This represents a 546.36% increase compared to CARS previous annual EPS of $0.07 (Sep 23).
Cars Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| KMX | CarMax | $78.78 | $216.65 | 175.01% | Buy |
| CARS | Cars | $17.65 | $24.00 | 35.98% | Buy |
| SAH | Sonic Automotive | $55.96 | $64.00 | 14.37% | Buy |
| LAD | Lithia Motors | $279.51 | $313.20 | 12.05% | Buy |
| AN | AutoNation | $166.96 | $172.00 | 3.02% | Buy |
| ACVA | ACV Auctions | $19.87 | $20.33 | 2.32% | Buy |
| CARG | CarGurus | $29.12 | $26.94 | -7.49% | Buy |
| RUSHA | Rush Enterprises | $50.89 | $46.56 | -8.51% | Buy |
| ABG | Asbury Automotive Group | $221.70 | $201.50 | -9.11% | Buy |
| GPI | Group 1 Automotive | $364.39 | $305.00 | -16.30% | Buy |
| PAG | Penske Automotive Group | $152.21 | $109.00 | -28.39% | Sell |
CARS Forecast FAQ
Is Cars a good buy?
Yes, according to 4 Wall Street analysts, Cars (CARS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 100.00% of CARS's total ratings.
What is CARS's price target?
Cars (CARS) average price target is $24 with a range of $23 to $25, implying a 35.98% from its last price of $17.65. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Cars stock go up soon?
According to Wall Street analysts' prediction for CARS stock, the company can go up by 35.98% (from the last price of $17.65 to the average price target of $24), up by 41.64% based on the highest stock price target, and up by 30.31% based on the lowest stock price target.
Can Cars stock reach $30?
CARS's average twelve months analyst stock price target of $24 does not support the claim that Cars can reach $30 in the near future.
What are Cars's analysts' financial forecasts?
Cars's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $756.83M (high $764.4M, low $753.05M), average EBITDA is $289.68M (high $292.58M, low $288.24M), average net income is $157.63M (high $159.68M, low $156.61M), average SG&A $415.54M (high $419.69M, low $413.46M), and average EPS is $2.32 (high $2.35, low $2.31). CARS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $817.22M (high $825.39M, low $813.13M), average EBITDA is $312.8M (high $315.92M, low $311.23M), average net income is $142.54M (high $144.39M, low $141.61M), average SG&A $448.69M (high $453.17M, low $446.45M), and average EPS is $2.1 (high $2.13, low $2.09).
Did the CARS's actual financial results beat the analysts' financial forecasts?
Based on Cars's last annual report (Dec 2022), the company's revenue was $653.88M, beating the average analysts forecast of $649.94M by 0.61%. Apple's EBITDA was $152.29M, missing the average prediction of $239.3M by -36.36%. The company's net income was $17.21M, missing the average estimation of $61.12M by -71.85%. Apple's SG&A was $378.49M, missing the average forecast of $466.5M by -18.87%. Lastly, the company's EPS was $0.25, missing the average prediction of $1.54 by -83.79%. In terms of the last quarterly report (Sep 2023), Cars's revenue was $174.33M, beating the average analysts' forecast of $172.83M by 0.87%. The company's EBITDA was $36.09M, missing the average prediction of $66.15M by -45.45%. Cars's net income was $4.49M, missing the average estimation of $27.81M by -83.85%. The company's SG&A was $77.97M, missing the average forecast of $94.89M by -17.83%. Lastly, the company's EPS was $0.07, missing the average prediction of $0.41 by -82.93%